Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    323 College Ave Tupelo, MS 38801
    Back to Search
    Property profile & analytics

    323 College Ave, Tupelo, MS 38801

    View on Map
    • Specialty properties
    • 3,068 SF
    Off-Market
    Property ID
    US50-0712247
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 323 College Ave

    Year built
    1955
    Property type
    Specialty properties
    APN
    114N-19-121-00
    APU
    114N1912100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 13, 2018 — Mount Carmel Mission Baptist Church Bna Bank Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7163
    Latitude
    34.1932
    CBSA code
    46180
    CBSA name
    TUPELO, MS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $18,000
    $72,810
    $90,810

    Comparable in this City

    • Value Estimation by Request
      7,056 SF

      Shackelford Rd

      FUNERAL HOME
      Shackelford Rd, Tupelo, MS 38801
      View Details
    • Value Estimation by Request
      16,280 SF

      5281 Clf Gookin Blvd

      FUNERAL HOME
      5281 Clf Gookin Blvd, Tupelo, MS 38801-7097
      View Details
    • Value Estimation by Request
      3,060 SF

      337 College Ave

      FUNERAL HOME
      337 College Ave, Tupelo, MS 38801
      View Details
    • Value Estimation by Request
      3,416 SF

      2510 Gloster St

      FUNERAL HOME
      2510 Gloster St, Tupelo, MS 38801-6902
      View Details
    • Value Estimation by Request
      1,956 SF

      267 Mary Ann Ave

      DAY CARE, PRE-SCHOOL
      267 Mary Ann Ave, Tupelo, MS 38801
      View Details
    • Value Estimation by Request
      910 SF

      607 Maynard Dr

      DAY CARE, PRE-SCHOOL
      607 Maynard Dr, Tupelo, MS 38801-5346
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,031 SF

      Hospital-Leased Ambulatory Surgery Center

      Single-tenant ASC leased to North Mississippi Medical Center.
      2089 Southridge Dr, Tupelo, MS 38801
      View Details
    • Contact for pricing
      6,000 SF

      Tupelo Commercial Building for Sale

      6,000 SF commercial building in central Tupelo, Mississippi.
      1243 Nelle St, Tupelo, MS 38801
      View Details
    • $375,000
      5.90 Acres

      Tupelo Commercial Property For Sale

      5.9 acre commercial property in Tupelo, Mississippi.
      Mitchell Road Ext, Tupelo, MS 38801
      View Details
    • $168,000
      8.40 Acres

      Tupelo Land with Road Frontage

      8.4 acres of land in Tupelo City Limits.
      Chesterville Rd Rd, Tupelo, MS 38801
      View Details
    • $132,000
      6.80 Acres

      Tupelo Land with Road Frontage

      6.8 acre lot in west Tupelo city limits.
      Chesterville Rd, Tupelo, MS 38801
      View Details
    • $37,000
      1.00 Acre

      Residential Lot in Established Neighborhood

      Desirable Tupelo lot for dream home with convenient amenities.
      21 Emberwood Ct, Tupelo, MS 38801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,785 SF

      Office Space in Tupelo

      Office space available for lease in Tupelo, Mississippi.
      609 Brunson Dr, Tupelo, MS 38801
      View Details
    • Contact for pricing
      2,203 SF

      Tupelo Office Building Available

      Office building with 21,499 square feet available for lease/sale.
      809 Varsity Dr, Tupelo, MS 38801
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      322,649 SF industrial space available for lease.
      4799 S Eason Blvd, Tupelo, MS 38801
      View Details
    • Contact for pricing
      2,082 SF

      Office Space For Rent

      Office space available for lease in Tupelo, Mississippi.
      499 S Gloster St, Tupelo, MS 38801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    323 College Ave
    Tupelo, MS 38801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    323 College Ave, Tupelo, MS, 38801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!